Copper Hits an All-Time High as Gold Tops $4,453 on Monday

Copper hit a record $6.74 per pound Monday, up roughly 50% year-over-year, according to Yahoo Finance data. This is not a macro trade. The electrification supercycle is pulling copper from the physical market faster than mining supply can respond: grid infrastructure, AI data centers, and transportation build-out are all competing for the same metal. U.S. tariff threats on imports have also redirected flows into American warehouses, creating a localized premium that may fade with policy clarity.
For more on this topic, see Gold at $4,453, Copper at ATH .
Commodities Deep Dive: Oil Shock and Precious Metals Divergence Key takeaways Copper futures (HG=F) hit an all-time high of $6.74/lb Monday,…
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